continuing to act as trustee of public funds and as the agent to the State Bank of Pakistan in places where SBP does not have a presence. The bank provides both commercial and public sector banking services. It is a lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services. As of 2014 it has almost 1,400 branches across Pakistan with assets of approximately USD 14 billion employing over 17000 people. National Bank has
Words: 2786 - Pages: 12
country are sensitive to their religion. That really open the door for the banks run in accordance with Islamic rules and regulation. First Islami Bank started the banking system that runs according to Islamic rules and regulations. Then some other Islamic banks also started business. Currently some banks even the foreign bank like H.S.B.C and Standard Chartered bank open their Islamic banking section. Theses banks are doing these because most of the people of our country are sensitive to their religion
Words: 3554 - Pages: 15
much of Islamic faith. Therefore, lending to the needy should be the main focus in Islamic finance. In this context, the Islamic pawnshop (ar-rahnu scheme) is the most appropriate mechanism as it provides a financial product for the lower-income group and small businesses which usually have limited capital or have been excluded from the mainstream financial system. Prior studies have shown the importance of Islamic pawnshop to the Muslim societies1. Before the implementation of the Islamic pawnshop
Words: 4453 - Pages: 18
nationalized to dismay and became state owned. It has largest network within Iranian banking system with 2700 local branches, 21 overseas branches. 2. Islamic Contracts: these are contracts under which banks are authorized to grant facilities to the customer and participate indirectly in the investments: Quardh Al Hassaneh, Direct Investment, Guarantees etc., Electronic Banking: Mobile banking, Internet Banking, Bill, Gold deposits, Investment deposit for Children’s Future prosperity, marriage portion
Words: 721 - Pages: 3
and debt/trade financing modes followed by Islamic Banks in Bangladesh. Do they conform to shariah rules. If so, how and if not, why not. Give your own conclusion/concluding remarks / recommendation. Course code: Fin-5502 Subject: Submission of Term Paper Dear Sir, I am very much delighted that I am submitting herewith my term paper titled “what is investment and debt/trade financing modes followed by Islamic Banks in Bangladesh. Do they conform to shariah
Words: 8670 - Pages: 35
Information Systems. Islamic University, Kushtia MODE OF INVESTMENT OF ISLAMI BANK BANGLADESH LIMITED. This Report is Submitted to the Department of Accounting & Information Systems, Islamic University, Kushtia in partial fulfillment of the requirement for the degree of Bachelor of Business Administration (B.B.A) in Accounting & Information Systems. Supervised By: Submitted By: Mr. Md. Ruhul Amin Assistant Professor Dept. of Accounting & Information Systems Islamic University, Kushtia
Words: 15272 - Pages: 62
1. It is my pleasure to welcome all of you to our 5th International Islamic Capital Market Forum. I wish to express my appreciation to all of you for taking time off from your busy schedules to join us today. To all our distinguished speakers, thank you for graciously accepting our invitation to share your thoughts and views at this Forum. 2. Much has been said and continues to be said about the foothold which Islamic finance has gained in the international financial landscape. A range of proof
Words: 2043 - Pages: 9
markets • Risk Diversification Banking sector in UAE • Emirates NBD, Dubai Islamic Bank • ADCB, NBAD, ADIB • RAK Bank, FGB, Noor Bank • Standard Chartered, Barclays, Citibank, HSBC Sector Status (Healthy) • Most of the country’s biggest banks have transformed their business models in the past couple of years to get more money from services that command fees, such as asset management, brokerage and trade finance, rather than relying exclusively on interest
Words: 968 - Pages: 4
trade and commerce and their stake ranges from shipping to textile and finance to energy etc. As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated team with long experience in banking. They constantly focus on understanding and anticipating customer needs. It basically has four categories of products and services: Retail banking, Loan, Hasanah Islamic Banking, and SME Banking. Prime Bank provides services to their customers based on these categories
Words: 8079 - Pages: 33
compliance risk to which all Islamic financial institutions are exposed. The role of a Shariah auditor is different to that of a conventional auditor because its remit is derived from the basic values of Islamic society. The most important point to be noted is that a Shariah audit is separate from the financial and operational auditing processes undertaken by Islamic financial Institutions. Deloitte explains in its Islamic Accounting Guidelines that: “Standards for Islamic financial institutions have to
Words: 313 - Pages: 2
